InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.13
(
0.00%
)
Bitcoin
66,309.63
(
-0.49%
)
Post# of 43413
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

@-@

Send PM Follow Ignore
Followers 78
Posts 10056
Boards Moderated 1
Alias Born 10/28/2007

@-@

Re: janice shell post# 41615

Tuesday, 09/21/2010 4:01:26 PM

Tuesday, September 21, 2010 4:01:26 PM

Post# of 43413
Actually, if you read the complaint, the premises that he didn't exist is that he plead the fifth to most questions and that he "didn't" testify (e.g., plead the fifth) that he was involved with BIHC.

What the SEC needs to understand is they didn't name him as a defendant. That means that his invocation of the Fifth can't be used at trial.

It's perfectly legal for Burmaster and his companies to be the Reg D investor even as Brother in Law. The case law I read and the regulation state that you're an insider if you live with the person. There's no allegation they lived together.

To be fraudulent, the SEC must prove falsity and materiality. I am not sure if it would have been "material" if the press releases said, "Christian Gallo" or "Cris Galo."

DISCLAIMER: I lie, cheat, and steal. Everything I post is false and known to be false by me. You are to ignore everything I write. Do not, under any circumstance, materially rely on my statements. I post information for the purpose of tricking you.

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up